VICI Properties (NYSE:VICI) Price Target Cut to $30.00 by Analysts at Mizuho

VICI Properties (NYSE:VICI) had its price objective decreased by equities research analysts at Mizuho from $33.00 to $30.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 4.17% from the stock’s previous close.

Other analysts have also issued research reports about the company. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush upgraded shares of VICI Properties from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $34.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Performance

VICI stock traded down $0.45 during mid-day trading on Wednesday, reaching $28.80. 1,720,286 shares of the stock traded hands, compared to its average volume of 7,286,313. The firm has a market capitalization of $30.36 billion, a PE ratio of 10.67, a P/E/G ratio of 4.12 and a beta of 0.94. The business has a 50-day moving average of $30.92 and a two-hundred day moving average of $31.40. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

Institutional Investors Weigh In On VICI Properties

A number of large investors have recently added to or reduced their stakes in VICI. Quarry LP grew its position in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the last quarter. UMB Bank n.a. boosted its position in VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after acquiring an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in VICI Properties during the third quarter worth approximately $67,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.